BULLFROG GOLD CORP. 897 QUAIL RUN DRIVE GRAND JUNCTION, CO 81505 PHONE: 970-628-1670 NI 43-101 Technical Report Mineral Resource Estimate Bullfrog Gold Project Nye County, Nevada Document: 910557-REP-R0001-01 EFFECTIVE DATE: August 9, 2017 ISSUE DATE: August 9, 2017 PREPARED BY: Rex Bryan, PhD – Registered SME Member 350 Indiana Street, Suite 500 | Golden, CO 80401 Phone: 303-217-5700 | Fax: 303-217-5705 NI 43-101 Technical Report Mineral Resource Estimate Bullfrog Gold Project, Nye County, Nevada TABLE OF CONTENTS 1. EXECUTIVE SUMMARY ............................................................................................................................. 1 1.1 Location, Property Description & Ownership ..................................................................... 1 1.2 Geology & Mineralization ................................................................................................... 2 1.3 Exploration, Drilling, Sampling & QA/QC ............................................................................ 3 1.3.1 Exploration ................................................................................................................................ 3 1.3.2 Drilling ....................................................................................................................................... 3 1.3.3 Sampling ................................................................................................................................... 4 1.3.4 QA/QC ....................................................................................................................................... 4 1.4 Mineral Processing & Metallurgical Testing ....................................................................... 4 1.5 Mineral Resource Estimation .............................................................................................. 5 1.6 Interpretations & Conclusions ............................................................................................ 7 1.7 Recommendations .............................................................................................................. 8 2. INTRODUCTION ........................................................................................................................................ 9 2.1 Units of Measure ................................................................................................................ 9 2.2 Abbreviations .................................................................................................................... 10 3. RELIANCE ON OTHER EXPERTS ............................................................................................................... 11 4. PROPERTY DESCRIPTION AND LOCATION ............................................................................................... 12 4.1 NPX Assignment of Lands .................................................................................................. 19 4.2 Mojave Gold Option .......................................................................................................... 20 4.3 Barrick Bullfrog Inc. Lease & Option ................................................................................. 20 4.4 Lunar Landing Lease .......................................................................................................... 20 4.5 Other Property Considerations ......................................................................................... 21 4.6 Environmental and Permitting .......................................................................................... 21 4.7 Significant Risk Factors ..................................................................................................... 22 5. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ......................... 23 5.1 Accessibility ....................................................................................................................... 23 5.2 Physiography, Climate and Vegetation ............................................................................. 23 5.3 Local Resources and Infrastructure .................................................................................. 24 6. HISTORY ................................................................................................................................................. 25 7. GEOLOGICAL SETTING AND MINERALIZATION ....................................................................................... 27 7.1 Regional Geology .............................................................................................................. 27 7.2 Local and Property Geology .............................................................................................. 28 7.2.1 Cenozoic Rocks ....................................................................................................................... 31 7.2.2 Pre-14 Ma Rocks..................................................................................................................... 31 7.2.3 14 to 11 Ma Rocks .................................................................................................................. 32 7.2.4 Post 11 Ma to 7.6 Ma Rocks .................................................................................................. 34 7.2.5 10.6-10.0 Ma Rainbow Mountain Sequence (Trm; Tr11-16 and other units) ..................... 35 7.3 Deposit Geology ................................................................................................................ 37 August 2017 i NI 43-101 Technical Report Mineral Resource Estimate Bullfrog Gold Project, Nye County, Nevada 7.4 Mineralization and Veining ............................................................................................... 38 7.4.1 Bullfrog Deposit ..................................................................................................................... 38 7.4.2 Montgomery-Shoshone Deposit ............................................................................................ 39 8. DEPOSIT TYPES ....................................................................................................................................... 41 9. EXPLORATION ........................................................................................................................................ 42 9.1 M-S Area ........................................................................................................................... 42 9.1.1 North-East Extension .............................................................................................................. 42 9.1.2 Down-Dip Polaris Vein ............................................................................................................ 42 9.1.3 South Montgomery ................................................................................................................ 43 9.1.4 East ......................................................................................................................................... 44 9.1.5 Deep Potential ........................................................................................................................ 44 9.1.6 Proposed Drilling .................................................................................................................... 45 9.2 Bullfrog and Mystery Hill Areas ........................................................................................ 47 9.3 West Bonanza Mountain .................................................................................................. 48 9.4 Western Exploration Targets ............................................................................................ 48 9.4.1 Rush Fault-Box Canyon .......................................................................................................... 48 9.4.2 Ransome Fault ........................................................................................................................ 48 9.4.3 Original Bullfrog Mine ............................................................................................................ 49 10. DRILLING ................................................................................................................................................ 50 11. SAMPLE PREPARATION, ANALYSES AND SECURITY ................................................................................ 52 11.1 St. Joe Minerals ................................................................................................................. 53 11.1.1 RC Drilling ............................................................................................................................... 53 11.1.2 Core Drilling ............................................................................................................................ 53 11.1.3 Transport and Security ........................................................................................................... 54 11.1.4 Duplicates ............................................................................................................................... 54 11.1.5 Field Duplicates ...................................................................................................................... 54 11.1.6 Visible Gold Sampling Protocol .............................................................................................. 54 11.1.7 Blanks .....................................................................................................................................